Weekly commodity market technical report and trading tips (16 May - 20 May 2011)

MCX GOLD
R3               R2              R1              PP            S1             S2              S3
23124.33     22554.33    22258.67    21984.33   21688.67     21414.33      20844.33

Trend:- Consolidate  
Strategy:- Buy on dips

MCX SILVER
R3                R2             R1             PP           S1             S2               S3
74931.67    64706.67   59212.33      54481.67    48987.33     44256.67     34031.67

Trend:- Consolidate
Strategy:- Buy on dips

MCX CRUDE OIL
R3                R2             R1             PP             S1             S2              S3
5240.33      4858.33       4660.67       4476.33      4278.67       4094.33       3712.33

Trend:- Consolidate
Strategy:- Buy on dips

MCX NATURAL GAS
R3                R2             R1              PP           S1             S2              S3
205.73        197.93        194.67        190.13       186.87         182.33           174.53

Trend:- Consolidate
Strategy:- Sell on high

MCX COPPER
R3              R2            R1               PP           S1             S2              S3 
441.87      420.37        410.93        398.87       389.43        418.97          355.87

Trend:- Consolidate
Strategy:- Sell on high